An Investor Makes Deposits of $R Every 2 Weeks into a Fund

question 40

Multiple Choice

An investor makes deposits of $R every 2 weeks into a fund paying interest at j₄ = 6%.At the time of the 130^th deposit,she wishes to have accumulated $50,000.What is R?

• A)$326.31
• B)$330.57
• C)$445.23
• D)$450.54

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Definitions:

Steps

Refers to the actions or movements taken by feet, often counted to measure walking or running activity.

Flexibility Exercises

Physical activities designed to increase the range of motion in muscles and joints.

Pedometer

A portable device designed to count the number of steps taken by an individual, often used to monitor and improve physical activity levels.

Step Counter

A device or application that counts the number of steps a person takes, often used to monitor physical activity.